NOT LISTED FOR SALE

3943 SE Madison St Unit 3945 Portland, OR 97214

Sunnyside Neighborhood

Estimated Value: $587,000 - $668,000

2 Beds
2 Baths
1,598 Sq Ft
$389/Sq Ft Est. Value

Last Sold July 28, 2017

Last sale price $490,000 $307 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $3,824/month

66 Days on Market

Highlights

  • Deck
  • Washer and Dryer
  • Level Lot
  • Views

About This Home

As of July 2017

This is the sweetest duplex in Hawthorne! Affordable price and turn-key condition. Fresh, clean & cheerful main level w/2 bedrooms-investors dream with A+ rental history, or ideal owner occupied space. Studio unit above is eclectic&cool with private deck-great income as rental or potential AirBnB. Easy care siding&yard, insulated windows, loads of off street parking. Main floor rent estimate approx $1900, upstairs is rented for $800 MTM

Last Agent to Sell the Property

Temara Presley

John L. Scott Portland Central License #200303135 Listed on: 04/14/2017

John L. Scott Portland Central

Co-Listed By

Eva Sanders

John L. Scott Portland Central License #940900067

Last Buyer's Agent

Diane Moreau

Living Room Realty License #200311077

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,220

Year Built

  • Built in 1900

Lot Details

  • 4,269

Parking

  • 2

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Crawl Space
  • Washer and Dryer
  • Property Views

Kitchen

  • Range
  • Dishwasher

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Deck
  • Level Lot

Community Details

  • 2 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,220

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 1598
  • Stories: 2
  • Year Built: 1900
  • Remarks Public: This is the sweetest duplex in Hawthorne! Affordable price and turn-key condition. Fresh, clean & cheerful main level w/2 bedrooms-investors dream with A+ rental history, or ideal owner occupied space. Studio unit above is eclectic&cool with private deck-great income as rental or potential AirBnB. Easy care siding&yard, insulated windows, loads of off street parking. Main floor rent estimate approx $1900, upstairs is rented for $800 MTM
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: SUNNYSIDE ADD, BLOCK 10, LOT 6
  • Basement: Crawl Space

Exterior Features

  • Exterior Description: Vinyl Siding
  • Lot Size: 3,000 to 4,999 SqFt
  • Roof Type: Composition
  • View: Territorial, Trees/Woods
  • View: Yes

Garage/Parking

  • Garage Or Parking Spaces: 2

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Forced Air

Condo/Co-op/Association

  • Common Amenities: Laundry
  • Unit Features: Deck, Dishwasher, Range, Refrigerator, Washer/Dryer

Schools

  • Elementary School: Sunnyside Env
  • High School: Franklin

Lot Info

  • Lot Description: Level
  • Zoning: R2.5

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 3777.38
  • Assessor Parcel Number: R281207

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 17.36

MLS Schools

  • Elementary School: Sunnyside Env
  • High School: Franklin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 15, 2018
Sold by
Lipsey Michaela M and Lipsey Steven D
Bought by
Farrington Family Madison Llc
Current Estimated Value
$618,823

Purchase Details

Listed on
Apr 14, 2017
Closed on
Jul 26, 2017
Sold by
Bradspies Richard
Bought by
Lipsey Michaela M and Lipsey Steven D
Seller's Agent
Temara Presley
John L. Scott Portland Central
Buyer's Agent
Diane Moreau
Living Room Realty
List Price
$519,900
Sold Price
$490,000
Premium/Discount to List
-$29,900
-5.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.40%
Original Mortgage
$367,500
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 14, 2015
Sold by
Bradspies Richard A
Bought by
Bradspies Richard and Everett Theodore

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 24, 2013
Closed on
Dec 10, 2013
Sold by
Ashkannejhad Mina
Bought by
Bradspies Richard A
Seller's Agent
Susan Zazzetti
Reger Homes, LLC
Buyer's Agent
Temara Presley
John L. Scott Portland Central
List Price
$369,000
Sold Price
$350,000
Premium/Discount to List
-$19,000
-5.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.32%
Original Mortgage
$200,000
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 28, 2009
Sold by
Smit Martin K
Bought by
Ashkannejhad Mina and Ashkannejhad Holly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,656
Interest Rate
5.08%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 17, 2009
Sold by
Smit Frederick J
Bought by
Smit Martin K and Arcouette Smit Jacqueline K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,656
Interest Rate
5.08%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 28, 2003
Sold by
Smit Fredrick J
Bought by
Smit Martin K and Arcouette Smit Jacqueline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
5%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Farrington Family Madison Llc -- None Available
Lipsey Michaela M $490,000 Lawyers Title
Bradspies Richard -- First American
Bradspies Richard A $350,000 First American
Ashkannejhad Mina $295,000 Pacific Nw Title Of Or Inc
Smit Martin K $167,000 Pacific Nw Title Of Or Inc
Smit Martin K $167,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lipsey Michaela M $367,500
Previous Owner Bradspies Richard $240,000
Previous Owner Bradspies Richard A $200,000
Previous Owner Ashkannejhad Mina $290,426
Previous Owner Ashkannejhad Mina $289,656
Previous Owner Smit Martin K $147,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2017 07/28/17 Sold $490,000 -5.8% $307 / Sq Ft
06/19/2017 06/19/17 Pending -- -- --
04/14/2017 04/14/17 For Sale $519,900 +48.5% $325 / Sq Ft
12/17/2013 12/17/13 Sold $350,000 -5.1% $219 / Sq Ft
11/19/2013 11/19/13 Pending -- -- --
10/24/2013 10/24/13 For Sale $369,000 -- $231 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $5,220 $197,000 $0 $0
2022 $5,107 $191,270 $0 $0
2021 $5,021 $185,700 $0 $0
2020 $4,606 $180,300 $0 $0
2019 $4,437 $175,050 $0 $0
2018 $4,306 $169,960 $0 $0
2017 $4,127 $165,010 $0 $0
2016 $3,777 $160,210 $0 $0
2015 $3,678 $155,550 $0 $0
2014 $3,623 $151,020 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Temara Presley

    Seller's Agent in 2017

    Temara Presley

    John L. Scott Portland Central

    (503) 705-2546

    225 Total Sales

    Section Image
  • Eva Sanders

    Seller Co-Listing Agent in 2017

    Eva Sanders

    John L. Scott Portland Central

    (503) 705-0755

    233 Total Sales

    Section Image

  • D

    Buyer's Agent in 2017

    Diane Moreau

    Living Room Realty

  • Susan Zazzetti

    Seller's Agent in 2013

    Susan Zazzetti

    Reger Homes, LLC

    (503) 928-5525

    24 Total Sales

    Section Image
  • Liz Getty

    Seller Co-Listing Agent in 2013

    Liz Getty

    eXp Realty, LLC

    (888) 814-9613

    14 Total Sales

    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 17272017

Regional Multiple Listing Service (RMLS)

APN: R281207

Oregon Multnomah County Portland 97214 Sunnyside

3943 SE Madison St Unit 3945, Portland, OR

This home is located at 3943 SE Madison St Unit 3945, Portland, OR 97214 since 14 April 2017 and is currently estimated at $621,784, approximately $389 per square foot. This property was built in 1900. 3943 SE Madison St Unit 3945 is a home located in Multnomah County with nearby schools including Sunnyside Environmental School, Franklin High School, and All Saints School.

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